Member Info for You_Having_a_Laugh

Here are the results and rate of decline appears to be slowing.

https://www.marketscreener.com/PROACTIS-54379358/news/Proactis-SA-revenue-31-July-2019-29314213/

The Proactis SA results for the full year to 31st July are not on the website yet. The RNS appears premature relative to the results being placed on the website.

You really are deluded.

Theres no debating with those unable to understand the very basics.
Good luck to you.

I'm having a laugh.

Sounds very sensible Scotty. I've been adding on/off sub 6p and will cycle some of mine depending on the details of any tender. Hold the cash and on any weakness might buy some more with the proceeds.

A way to use some company cash to buy company. Every little helps.

The idea that a tender off is to remove smaller holders from the registry is complete BS.

If anything smaller holders who dont sell see their % holding of the float INCREASE.

When divis do start you get a higher payout per share as there are fewer shares and you own a higher % of those there are.

You choose, some cash now or a higher % holding with subsequent benefits.

Some % over 6p imho.
It may be for y% of your holdings.
Example.
So say 6p + 20% for upto 10% (guaranteed) of a shareholding registered on such and such a date. Anyone wanting to sell > than the tender % of their holding could offer them and any unused buyback shares are then shared out to whomever put more than 10% up for sale or the unused cash retained in the business.

Just one scenario.

What does this mean if it works like that?
Buy now sub 6p, do the maths if you sell the % of your new shares as your buy price for the remainder will be attractive.

This is just one scenario, have to wait and see but they are highly unlikely to tender at the current price or even 6p without an incentive imho.

Money does go back to shareholders.

Theres more than one way to achieve the result and some are more tax efficient and overall deliver a better yield to the shareholder.

I hope Toby Hall works to execute his fiduciary duty in an optimal fashion with a keen eye on overall SHAREHOLDER YIELD.

Don't even debate with them SJL.

Stale bulls - tick.
This makes up too much of their individual portfolios - tick.
Have no idea of overall shareholder yield vs dividends- tick.

Sooner management shake off this rancid baggage the better .

Everyone will get the share proportionate to their holding.
Looked at the 3%+ holders and SJL is easily cancelled out by London or Lombardier if his wants/needs differs to theirs and then it comes down to what others want.

Done properly theres no reason for anyone to be 100% dissatisfied.
100% satisfied, perhaps not.
I like the idea of a tender and the price offered should be above todays.

Too shortsighted imho. Dividend alone will not improve company value.
Improved metrics will. Reduce float, remove stale bulls, move up.

If they announce say tender for x% of shares at 7.5p what do you think will happen to the SP especially if in combo with a low payout (that progresses) and the improved fundamental performance?

Clear out as many stale holders as possible. Good for everyone and if you want some cash sell some and buyback on weakness. Weakness I do not think will occur afterwards if done properly.

All companies prioritise larger shareholders. It's down to AGM votes and ease of raising future capital.

As to treatment, you get what's coming to you. Your call whether to take your capital elsewhere.

bonum, there's every chance your situation can only improve over time.
Clear out those wanting to exit and their overhang.
Clean house and move on.
Just as sentiment can be excessive ebullient it can also become pessimistic.
Buy when in pessimism but improving fundamentals. Ebullience is great to sell into.

They should offload and be happy they have a chance to do so at a higher price than selling today.

I expect they will have a good consultation to determine what the largest 5-10 holders would like to see happen within the bounds of what is possible without destabilising the show.

A model will be developed for what can be returned and the likely impact on future EPS etc.

Probably a low progressive dividend + tender to make the company more attractive and future metrics better.

STRONG BUY.

I think they've done a proper job so far. No quick fixes would lead to a stable business. If the big shareholders were unhappy they can agitate for change but I don't see that happening. Especially not if they are consulted as how best to return cash and improve matters going forward.

If you want to own a higher % of the company dont take part in any tender.
It's not compulsory. You can take some cash and move on or hang about with a higher holding % or a bit of both.

I doubt anyone buying now will be disappointed. Just my opinion.

"he expected the company to transfer from private investors to larger strategic holders."

This is exactly why the future is bright. The share register will become more stable and large strategic holders will buy on the basis of the company being FCF positive, more stable/predictable, and less sentiment driven.

Looking over the transition I think current management have fone a dtonking good job so far of turning this round.

It's not their job to MANAGE SENTIMENT. They should manage fundamentals and let the market put a price on those.

That's highlighted a problem - buying on "sentiment". Also explains some stale bulls here that are disappointed as previous pricing was based on sentiment and less on fundamentals. As the change occurred, the price fell, now its ready to climb again on a much firmer footing and hopefully "sentiment" will account for a lower % of the price.

I'm sure management are aware of this.

Results mention future valuations increadingly based on fundamentals and not sentiment. This is an excellent change but holders that bought on sentiment will have wait or sell.

In time the price will move upwards.

A tender offer can be a neat way forward if pitched correctly and........given the price action and lack of much use if the £1M to action a buyback and help the SP........I reckon it has been on the cards for a while.

Tendr of average SP over 'x' periode of time + 'y' %.
Thereafter recover of SP is fully encouraged at lower float, fewer stale bulls and better metrics etc. for EPS, Rev/S........

Not corrupt, just money flows.
Follow the money and currently tide is going out for a while.